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MarketSnacks Founders on Ralph Lauren Earnings & Theranos President Exiting Amid Scrutiny
9m 54s
The co-founders of MarketSnacks, Jack Kramer and Nick Martell, joined Cheddar live on set to discuss popular headlines featured in their digestible financial newsletter. The founders talked about Ralph Lauren’s abysmal earnings report that was announced this week. The preppy clothing label reported that sales were down 6 percent, with profits falling about 67 percent as a result of a mild winter and headwinds from a strong dollar. They also touched on the recent departure of Theranos’ President and COO Sunny Balwani after he recently received an onslaught of scrutiny following reports of the company’s flawed blood-testing business.